Analysts Set PACCAR Inc. (NASDAQ:PCAR) Target Price at $127.00

PACCAR Inc. (NASDAQ:PCAR) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $131.70.

A number of brokerages have issued reports on PCAR. Evercore set a $139.00 target price on shares of PACCAR in a report on Monday, May 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $148.00 price target on shares of PACCAR in a research report on Wednesday, July 29th. Morgan Stanley set a $119.00 price objective on PACCAR in a research note on Wednesday, July 29th. Weiss Ratings cut PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. raised their target price on PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th.

Insider Activity

In other PACCAR news, VP Paulo Henrique Bolgar sold 2,897 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $133.90, for a total value of $387,908.30. Following the sale, the vice president directly owned 3,831 shares in the company, valued at $512,970.90. This represents a 43.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO R Preston Feight sold 50,975 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.07, for a total transaction of $6,783,243.25. Following the completion of the transaction, the chief executive officer directly owned 268,625 shares of the company’s stock, valued at approximately $35,745,928.75. The trade was a 15.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 56,842 shares of company stock valued at $7,565,677. Corporate insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On PACCAR

Large investors have recently added to or reduced their stakes in the business. Ares Financial Consulting LLC purchased a new stake in shares of PACCAR in the 4th quarter valued at about $27,000. MCF Advisors LLC raised its stake in PACCAR by 57.5% in the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 92 shares in the last quarter. Steph & Co. bought a new stake in PACCAR during the first quarter valued at approximately $29,000. Elyxium Wealth LLC purchased a new position in PACCAR in the 4th quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC bought a new position in shares of PACCAR in the 3rd quarter worth $32,000. Institutional investors own 64.90% of the company’s stock.

More PACCAR News

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR’s latest quarterly results surpassed expectations, with earnings per share of $1.43 versus the $1.36 consensus and revenue of $7.55 billion versus the $7.05 billion estimate. Revenue also edged up 0.5% year over year, indicating resilient demand for its commercial trucks and related services.
• Positive Sentiment: The company declared a quarterly dividend of $0.35 per share, payable September 2 to shareholders of record August 12. The annualized dividend is $1.40, yielding approximately 1.1%, with a payout ratio of about 29.4%. PACCAR dividend article
• Neutral Sentiment: Analysts have raised several price targets, including JPMorgan’s increase to $164 and Wells Fargo’s increase to $157. However, the broader consensus remains “Hold,” with an average target of $131.70, suggesting limited upside near current levels. PCAR is also trading near its 52-week high and at roughly 27.7 times earnings.
• Negative Sentiment: Insider selling is the principal near-term overhang. CEO R. Preston Feight sold 50,975 shares for approximately $6.78 million, reducing his direct position by 15.95%. CFO Brice J. Poplawski sold 1,970 shares, cutting his holding by 58.61%, while VPs William Lance Walters and Paulo Henrique Bolgar sold additional shares. The transactions represent roughly $7.6 million in combined sales and could weigh on investor confidence, although insider sales may also reflect personal financial planning. PACCAR insider selling article

PACCAR Price Performance

PCAR opened at $132.06 on Thursday. The firm has a 50-day moving average price of $121.87 and a 200-day moving average price of $120.97. PACCAR has a twelve month low of $92.25 and a twelve month high of $139.24. The company has a quick ratio of 2.90, a current ratio of 3.12 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $69.51 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.06 and a beta of 0.97.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.05 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. PACCAR’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 EPS. Equities analysts expect that PACCAR will post 5.78 EPS for the current year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, August 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.1%. PACCAR’s dividend payout ratio is currently 29.41%.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.